Key Facts

GDP (ppp) per CAPITA

$19,800 (2008 est.)

Inflation Rate

37% (2008 est.)

Population

87,476 (July 2009 est.)

Country Risk Ratings

C

Ease of Doing Business

104/181

Country Map

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Seychelles : Introduction

A lengthy struggle between France and Great Britain for the islands ended in 1814, when they were ceded to the latter. Independence came in 1976. Socialist rule was brought to a close with a new constitution and free elections in 1993. President France-Albert RENE, who had served since 1977, was re-elected in 2001, but stepped down in 2004. Vice President James MICHEL took over the presidency and in July 2006 was elected to a new five-year term.

Seychelles: Central Bank of Seychelles

The Central Bank of Seychelles was established on January 1, 1983 and took over the functions and responsibilities of the Seychelles Monetary Authority. The website offers statistics, quarterly and annual publications, history and structure of the institution, and its current Seychelles Trade and Tourism Weighted Basket (STTWB) pegged exchange rate.

Sources:
CIA World Factbook (September 2009)
U.S. Dept. of State Country Background Notes (July 2009)